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Thursday, January 27, 2011

Starhill Global Q4 2010 Quarterly Earnings Report

Starhill Global Q4 2010 Quarterly Earnings Report:
Key Points
  • DPU of 1.04 cents for the reporting quarter.
  • Revenue was S$45.6 million, 33.0% higher than that achieved in 4Q 2009. 
  • Net property income was higher at S$36.7 million, representing an increase of 37.0% over 4Q 2009, mainly attributed to the contribution from Starhill Gallery and Lot 10 in Malaysia, and David Jones Building in Australia, which were acquired in 2010.
  • The Books will close from 5pm on 7 Feb 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
  • The distribution will be paid on 28 February 2011.
  • NAV per unit of $0.94 as at 31 December 2010.
  • Gearing of 30.2% as at 31 December 2010.
Author's Note
The DPU for the reporting quarter is 1.04 cents and will be paid on 28 February 2011. Books closure is on 7 Feb 2011.

The DPU was 1.00 cent in the previous quarter.

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